Nuvision Federal Credit Union Mortgage Rates, Fees & Info

Huntington Beach, CA

LEI: 549300F6NSBOJBM9ED39

Tax ID: 95-1644517

5 stars - out of 5 stars, based on 34 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Nuvision Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Nuvision Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, Anchorage, Riverside, Phoenix, and San Francisco among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nuvision Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nuvision Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.55% 1/29/23
    30 Year Conventional Refi 6.42% 1/29/23
    30 Year Cash-out Refi 6.60% 1/29/23
    30 Year FHA Purchase 6.88% 1/29/23
    30 Year FHA Refi 6.70% 1/29/23
    30 Year VA Purchase 5.89% 1/29/23
    30 Year VA Refi 5.93% 1/29/23
    30 Year USDA Purchase 6.68% 1/29/23
    15 Year Conventional Purchase 6.14% 1/29/23
    15 Year Conventional Refi 5.96% 1/29/23
    15 Year Cash-out Refi 5.96% 1/29/23
    15 Year VA Refi 6.16% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    1,124

    Origination Dollar Volume (All Markets)

    $411,040,000
    Show all (5) awards

    Relative Rate

    Nuvision Federal Credit Union's average 30 year fixed mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    Nuvision Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,615.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 517 $211,665,000 $409,410 $3,900 3.81%
    ANCHORAGE, AK (FHA|USDA|VA) 234 $73,120,000 $312,479 $5,877 2.87%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 117 $42,075,000 $359,615 $4,472 3.10%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 83 $22,275,000 $268,373 $3,404 3.00%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 12 $7,740,000 $645,000 $5,008 3.20%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $6,545,000 $727,222 $6,475 2.93%
    Outside of Metro Areas 22 $6,040,000 $274,545 $4,999 2.91%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 20 $5,430,000 $271,500 $3,013 3.29%
    FAIRBANKS, AK (FHA|USDA|VA) 18 $5,010,000 $278,333 $5,924 2.99%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $4,975,000 $382,692 $5,262 2.93%
    CHEYENNE, WY (FHA|USDA|VA) 15 $3,365,000 $224,333 $3,791 3.23%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 7 $3,025,000 $432,143 $3,079 2.86%
    VALLEJO, CA (FHA|USDA|VA) 3 $1,975,000 $658,333 $3,629 3.21%
    BAKERSFIELD, CA (FHA|USDA|VA) 6 $1,490,000 $248,333 $4,500 3.00%
    STOCKTON, CA (FHA|USDA|VA) 3 $1,405,000 $468,333 $4,570 3.21%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $1,190,000 $297,500 $3,004 3.25%
    FRESNO, CA (FHA|USDA|VA) 4 $1,160,000 $290,000 $2,980 2.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,150,000 $287,500 $2,937 3.16%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $4,973 2.88%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $13,073 2.88%
    TUCSON, AZ (FHA|USDA|VA) 3 $935,000 $311,667 $2,779 3.21%
    Elko, NV (FHA|USDA|VA) 1 $735,000 $735,000 $0 4.13%
    Juneau, AK (FHA|USDA|VA) 4 $680,000 $170,000 $4,049 3.13%
    RENO, NV (FHA|USDA|VA) 1 $655,000 $655,000 $6,716 3.50%
    GREELEY, CO (FHA|USDA|VA) 1 $625,000 $625,000 $8,015 3.00%
    CASPER, WY (FHA|USDA|VA) 3 $625,000 $208,333 $2,798 2.71%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $620,000 $310,000 $2,773 2.94%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $515,000 $515,000 $5,623 2.88%
    VISALIA, CA (FHA|USDA|VA) 2 $460,000 $230,000 $2,662 3.69%
    Ketchikan, AK (FHA|USDA|VA) 1 $435,000 $435,000 $0 2.88%
    BOISE CITY, ID (FHA|USDA|VA) 1 $415,000 $415,000 $4,988 3.38%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $415,000 $415,000 $2,533 3.13%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $355,000 $355,000 $5,958 3.63%
    ST. GEORGE, UT (FHA|USDA|VA) 1 $325,000 $325,000 $2,194 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,773 2.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $4,624 3.00%
    POCATELLO, ID (FHA|USDA|VA) 1 $185,000 $185,000 $2,402 3.00%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,207 3.00%
    Aberdeen, WA (FHA|USDA|VA) 1 $155,000 $155,000 $4,811 2.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $145,000 $145,000 $5,151 2.50%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $145,000 $145,000 $2,477 2.38%
    Moscow, ID (FHA|USDA|VA) 1 $115,000 $115,000 $2,739 3.50%
    Nuvision Federal Credit Union's top markets include Los Angeles, Anchorage, Riverside, Phoenix, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Alaska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NuVision Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Titan Mortgage Capital, Inc.
    Similarity Rank: 14
    GUARANTY MORTGAGE SERVICE, INC.
    Similarity Rank: 216
    CREDIT UNION 1
    Similarity Rank: 345
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    Credence Funding Corporation
    Similarity Rank: 404
    First National Bank Alaska
    Similarity Rank: 900
    MYPOINT Credit Union
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,055 $388,715,000 $368,450 $4,003 3.42%
    FHA 34 $11,010,000 $323,824 $9,333 2.58%
    VA 34 $11,050,000 $325,000 $7,989 2.42%
    USDA 1 $265,000 $265,000 $5,307 3.00%

    For 2021, Nuvision Federal Credit Union's most frequently originated type of loan was Conventional, with 1,055 originations. Their 2nd most popular type was FHA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 464 $168,810,000 $363,815 $3,762 2.91%
    Cash Out Refi 420 $144,120,000 $343,143 $4,293 4.07%
    Home Purchase 238 $97,710,000 $410,546 $5,642 3.01%
    Other 2 $400,000 $200,000 $1,127 4.63%

    For 2021, Nuvision Federal Credit Union's most frequently cited loan purpose was Refi, with 464 originations. The 2nd most popular reason was Cash Out Refi, with 420 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 820 $321,170,000 $391,671 $4,615 3.04%
    15 Year 198 $54,710,000 $276,313 $3,768 2.76%
    20 Year 62 $15,170,000 $244,677 $2,730 3.41%
    10 Year 42 $18,780,000 $447,143 $3,124 3.33%
    3 Year 1 $125,000 $125,000 $0 7.50%
    Other 1 $1,085,000 $1,085,000 $0 387.50%

    For 2021, Nuvision Federal Credit Union's most frequently cited loan duration was 30 Year, with 820 originations. The 2nd most popular length was 15 Year, with 198 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 452 $175,490,000 $388,252
    $1k-2k 269 $70,015,000 $260,279
    $2k-3k 161 $50,995,000 $316,739
    $3k-4k 90 $31,840,000 $353,778
    $5k+ 79 $45,245,000 $572,722
    $4k-5k 48 $20,080,000 $418,333

    Nuvision Federal Credit Union's average total fees were $4,615, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 452 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 539 $196,195,000 $363,998
    3-4% 365 $146,695,000 $401,904
    <2.5% 180 $51,210,000 $284,500
    4-5% 25 $12,045,000 $481,800
    5-6% 8 $3,080,000 $385,000
    6-7% 3 $285,000 $95,000
    7-8% 2 $180,000 $90,000
    Over 8% 1 $1,085,000 $1,085,000

    During 2021, Nuvision Federal Credit Union's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 539 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 540 $157,950,000 $292,500 $4,125 2.94%
    $400k-600k 245 $118,105,000 $482,061 $4,882 3.11%
    $100k-200k 204 $32,060,000 $157,157 $3,104 2.93%
    $600k-1MM 90 $69,900,000 $776,667 $6,501 3.17%
    $100,000 or less 23 $1,805,000 $78,478 $1,875 4.11%
    $1MM+ 22 $31,220,000 $1,419,091 $8,955 20.79%

    2021 saw Nuvision Federal Credit Union place emphasis on $200k-400k loans with 540 originations, totaling $157,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 300 $106,040,000 $353,467 $4,386 3.02%
    $50k-75k 214 $56,270,000 $262,944 $4,075 2.91%
    $75k-100k 206 $60,050,000 $291,505 $4,096 2.95%
    $150k-250k 194 $90,860,000 $468,351 $4,780 3.05%
    $50k or less 88 $16,670,000 $189,432 $3,352 2.97%
    $250k+ 81 $57,495,000 $709,815 $5,158 3.02%

    Nuvision Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 300 originations. The second most popular income band? $50k-75k, with 214 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 227 $75,115,000 $330,903 $4,261 2.87%
    30-36% 192 $72,240,000 $376,250 $4,035 3.02%
    <20% 113 $30,615,000 $270,929 $3,511 2.88%
    42% 59 $26,095,000 $442,288 $4,161 3.11%
    44% 55 $16,465,000 $299,364 $3,955 3.23%
    37% 51 $20,045,000 $393,039 $3,895 3.06%
    40% 45 $20,135,000 $447,444 $5,377 3.07%
    49% 43 $16,265,000 $378,256 $4,208 3.04%
    41% 39 $15,155,000 $388,590 $5,323 3.13%
    38% 37 $15,435,000 $417,162 $4,356 3.03%
    43% 37 $14,245,000 $385,000 $4,432 2.97%
    39% 36 $14,330,000 $398,056 $5,178 3.11%
    36% 32 $12,960,000 $405,000 $5,000 3.00%
    47% 28 $9,610,000 $343,214 $4,470 3.15%
    46% 27 $9,145,000 $338,704 $4,614 3.16%
    48% 26 $9,100,000 $350,000 $5,163 2.85%
    45% 24 $9,120,000 $380,000 $4,139 3.02%
    50-60% 14 $4,020,000 $287,143 $6,332 2.71%
    >60% 4 $1,030,000 $257,500 $3,483 2.75%

    Nuvision Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 227 originations. The next most common DTI ratio? 30-36%, with 192 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 699 $249,215,000 $356,531 $4,356 3.01%
    Not provided 166 $63,610,000 $383,193 $4,322 3.01%
    Asian 124 $47,170,000 $380,403 $4,233 2.99%
    Black 61 $21,885,000 $358,770 $3,968 3.00%
    Not applicable 21 $14,275,000 $679,762 $3,890 22.45%
    American Indian 47 $13,335,000 $283,723 $4,584 2.86%
    Native Hawaiian or Islander 6 $1,550,000 $258,333 $2,642 3.48%

    Approval Rates

    Total approvals of all applications
    95.79%

    Nuvision Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    66.37%

    Nuvision Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,124 $411,040,000 $365,694

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,124 $411,040,000 $365,694

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 161 $39,195,000 $243,447 $3,180 2.84%
    40-60% 307 $108,965,000 $354,935 $3,570 2.96%
    60-80% 384 $167,400,000 $435,938 $4,960 4.14%
    80-100% 213 $83,135,000 $390,305 $5,483 2.90%
    Over 100% 9 $3,045,000 $338,333 $12,780 2.60%
    Under 20% 50 $9,300,000 $186,000 $2,325 3.71%